Key Takeaways
- TON-based wallets are digital platforms for storing, sending, and receiving Toncoin (TON) on the TON blockchain.
- They vary in features, including staking, dApp interaction, and exchange integration.
- Users can research different TON-based wallet options to find the one that best suits their needs and comfort.
The rapid growth of The Open Network (TON) blockchain has led to a surge in demand for reliable TON-based wallets.
To navigate this evolving new ecosystem, investors are seeking wallets that prioritize privacy, seamless dApp integration, and user-friendliness.
Without further delay. This article will highlight the top six TON-based wallets for interacting with the TON ecosystem.
What Is The Open Network (TON) Blockchain?
The Open Network (previously Telegram Open Network; both abbreviated as TON) is a Layer-1 initially built by Telegram. However, in 2020, Telegram abandoned the project primarily due to legal pressure from the US Securities and Exchange Commission (SEC).
The new TON coin is an open-source project that is not affiliated with Telegram, and the TON core team and the TON Foundation maintain the network. Despite being unaffiliated, Telegram, which boasts ~950 million monthly users as of July 2024, partnered again with the TON network in September 2023, marking the start of the largest Web3 mass adoption journey ever.
Also Read: What Is Toncoin (TON)? All You Need To Know
TON Blockchain’s Rise In Popularity
The network has become famous for its speed, low fees, scalability, and, most importantly, support for decentralized applications.
Notably, Telegram’s ability to combine Web2 with Web3 on the messaging app is an endeavor to be admired. TON’s popularity skyrocketed in 2024 after the launch of Telegram Mini-Apps, with the biggest being Notcoin (NOT), the first project to successfully host an airdrop campaign on Telegram.
Also Read: What Is Notcoin (NOT)? All You Need To Know
According to TonStat, despite supporting over 50 million active users, fees on the TON network have remained relatively stable year-to-date.
Furthermore, on-chain-activated wallet addresses are at an all-time high of over 11 million. While this is good news, the number of daily active wallets shows on-chain wallets that have sent at least one transaction on a specific date. It is also worth noting that this metric has been on an uptrend, signaling exponential growth.
Top 6 TON-Based Wallets In 2024
As TON’s on-chain metrics continue to surge, users will need safe wallets in order to store their funds. Here are the top TON-based wallets to use if you are considering exploring their ecosystem:
Wallet By Telegram
Wallet is a user-friendly and efficient service designed for cryptocurrency transactions directly through Telegram. It enables users to buy, sell, exchange cryptocurrencies, and send TON without fees between Telegram users.
Notably, Wallet automatically supports all legitimate dApps launched on the TON blockchain. It also has a P2P feature, where users can buy and sell jettons directly on Telegram, and it supports over 290 payment methods.
To set up your Wallet in Telegram, visit the official website and click the “Open Wallet” button. Then, it will launch a Telegram bot where you can set up and manage your wallet!
Tonkeeper
Tonkeeper is one of the most popular TON-based wallets in the ecosystem wherein users can receive TON and TON-based tokens, also known as jettons.
Tonkeeper also allows users to pay for goods and services directly from the wallet. Additionally, users can swap jettons right inside the wallet, as it has access to the top decentralized exchanges on the TON chain.
It is worth noting that Tonkeeper is a non-custodial wallet, meaning users are the only ones who can access their wallets. The project recently launched a new wallet standard called W5, which will allow gasless transactions and handle up to 255 transactions simultaneously.
MyTonWallet
MyTonWallet has marketed itself as an independent, powerful, open-source, feature-rich, and security-oriented wallet for the TON ecosystem. The wallet is available as a browser extension, mobile app, and Windows desktop application.
MyTonWallet is self-custodial, and developers cannot access your funds or private information. It also supports multiple jettons, NFTs, and wallet addresses. Even though TON is its native network, the wallet will soon be expanding to other blockchains as well.
OpenMask
OpenMask is a browser extension, non-custodial crypto wallet, and gateway to blockchain dApps for The Open Network. The project has partnered with several other dApps in the TON ecosystem, including StealthEX, a decentralized exchange, and ChangeHero, a Telegram-based crypto exchange.
The wallet offers a browser extension that supports Ledger hardware integration, multi-address creation, and seamless management of jettons and NFTs. It’s also particularly well-suited for interacting with TON testnets.
Tonhub
Tonhub is a popular and easy-to-use cryptocurrency wallet specifically designed for the TON blockchain.
The wallet prioritizes user experience, making it accessible to beginners and experienced crypto users. Moreover, Tonhub is compatible with all existing TON wallets, ensuring seamless integration within the TON ecosystem.
DeWallet
DeWallet is an extension that allows you to access TON-enabled apps in your browser. The wallet also lets users create and manage their identities (via private keys or a local client wallet). When a dApp wants to perform a transaction and write to the blockchain, the user gets a secure interface to review the transaction before approving or rejecting it.
Because it adds functionality to the everyday browser context, DeWallet requires permission to read and write to any webpage. The application also supports network features such as jettons, NFTs, TON DNS, and more!
Final Thoughts
The TON ecosystem continues to evolve, offering users a growing selection of TON-based wallet options to manage their assets on the network. Do note that each wallet has its own unique features that cater to different needs and preferences within the TON community. Stay informed about new developments as the network expands, and choose wallets that best align with your security, functionality, and ease of use requirements!
